Wärtsilä, MSC agree on Italian manufacturing site transfer

Twitter
Facebook
LinkedIn
Email
Wärtsilä, MSC agree on Italian manufacturing site transfer

Wärtsilä and Mediterranean Shipping Company (MSC) have agreed on the sale of the Trieste production facility.

On 1 August, 255 personnel and the production facility were transferred to MSC, with the other buildings and assets being transferred later this autumn.

The yearly cost reductions and transformation expenses are expected to align with the strategy released in July 2022.

READ: Wärtsilä provides cargo handling systems for gas carriers

The majority of the transformation costs are classified as Items Affecting Comparability in 2022-2024, with savings obtained in 2024.

While Wärtsilä’s production activities in Trieste have already been ended, the company stated that the city will continue to be an important location for the company’s R&D, sales, project management, sourcing, service, and training.

READ: Wärtsilä simulators to help Wavelink Maritime Institute

Håkan Agnevall, President and CEO of Wärtsilä, said: “At the core of our strategy is to shape the decarbonisation of marine and energy industries, requiring continuous focus on competitiveness and operational efficiency.”

Roger Holm, President of Wärtsilä’s Marine business, stated: “With this transaction, we are now able to increase clarity to the transferring employees after a period of uncertainty. Wärtsilä in Italy will continue serving our customers through our expert teams in Trieste, Genoa, Naples and Taranto.”

In July, Wärtsilä signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow) Ltd.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Be listed with industry leaders operating within Ports and Terminals

Webinar Series

Join 500+ attendees on average with a Port Technology International webinar

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.